protect equity

Learn about how California’s Homestead laws can help protect the equity in your home. California and many other states have homestead laws to protect families against creditors. A homestead property is a primary residence that is exempt from claims or eviction by unsecured creditors. A homestead exemption is in effect a lien that protects a certain amount of equity in a person’s home by limiting the amount of liability for certain debts against which a home can be used to satisfy a judgment. For instance, if a creditor tries to foreclose on your home to satisfy your debt, a certain amount...Read more